An Act Establishing A Centralized Database Of Bank Account Information To Facilitate The Collection Of Court Judgments.
Impact
Should SB00195 be enacted, it would amend existing general statutes to incorporate a centralized database designed to hold comprehensive information on bank accounts linked to individuals and entities that have court judgments against them. This would represent a significant shift in the way financial data is managed and accessed by legal authorities, potentially increasing the speed and success rate of judgment collection efforts. Such a system could improve transparency in financial matters and help uphold the integrity of court rulings.
Summary
SB00195 is a legislative proposal introduced in January 2011, aimed at establishing a centralized database of bank account information to facilitate the process of collecting court judgments issued by both Connecticut and federal courts. The intention behind the bill is to streamline the enforcement of court orders regarding financial judgments, ensuring that creditors can more easily access necessary information to secure their owed payments. By creating a centralized system, the bill seeks to enhance the efficacy of the judicial process in recovering debts.
Contention
While the bill's proponents argue that a centralized database would significantly aid in the recovery of payments owed from court judgments, some opponents may raise concerns about privacy and the security of sensitive financial information. The implications of potentially broad access to bank account information could lead to discussions about the balance between enforcing legal outcomes and protecting individual privacy rights. Additionally, the technical and administrative challenges of setting up such a database, including ensuring the accuracy of data and safeguarding against unauthorized access, could also contribute to points of contention among lawmakers.
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